Allen E. Dillard - 31 Jan 2023 Form 4 Insider Report for LAKELAND INDUSTRIES INC (LAKE)

Role: COO & CFO
Signature: /s/ Allen E. Dillard
Issuer symbol: LAKE
Transactions as of: 31 Jan 2023
Net transactions value: -$7,124
Form type: 4
Filing time: 02 Feb 2023, 14:03:32 UTC
Previous filing: 13 Sep 2022
Next filing: 03 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAKE	Common Stock, par value $.01 per share	Options Exercise		+1,641	+5.1%		33,560	31 Jan 2023	Direct	F1
transaction	LAKE	Common Stock, par value $.01 per share	Tax liability	$7,124	-492	-1.5%	$14.48	33,068	31 Jan 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LAKE	Restricted Stock Units	Options Exercise	$0	-1,641	-50%	$0.000000	1,641	31 Jan 2023	Common Stock	1,641		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2	On June 16, 2021, the reporting person was granted 4,923 RSUs. 1,641 of the RSUs vested on June 16, 2022, another 1,641 of the RSUs vested on January 31, 2023 and the remaining 1/3 of the RSUs will vest at the end of the third year of the performance period; provided that, the reporting person remains in continuous service through the vesting date. These RSUs are part of a larger grant of RSUs, the vesting of the remainder of which is subject to achievement of certain performance conditions, as well as continued service through the vesting date.

Content

Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

On June 16, 2021, the reporting person was granted 4,923 RSUs. 1,641 of the RSUs vested on June 16, 2022, another 1,641 of the RSUs vested on January 31, 2023 and the remaining 1/3 of the RSUs will vest at the end of the third year of the performance period; provided that, the reporting person remains in continuous service through the vesting date. These RSUs are part of a larger grant of RSUs, the vesting of the remainder of which is subject to achievement of certain performance conditions, as well as continued service through the vesting date.